25.07.2016 - Dollar buoyant vs euro, yen as risk-on mood prevails
The dollar was buoyant against the euro and yen early on Monday as a prevailing risk-on mood continued to support the U.S. currency and assets. Upbeat U.S. business activity data out on Friday also added to prospects of a near-term Federal Reserve interest rate hike and supported the greenback. The euro was down 0.1 percent at $1.0969 after slipping to a one-month low of $1.0955 on Friday in the wake of shootings that took place on Friday in Munich. Against the safe-haven yen the dollar was up 0.1 percent at 106.30, having recovered from a dip below the 106 threshold after Wall Street shares resumed their advance...............................................Full Article: Source
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